Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Kinder Morgan Announces 2013 Expectations - Quick Facts

RELATED NEWS
Trade KMI now with 

Kinder Morgan announced its preliminary 2013 projections for Kinder Morgan, Inc. (KMI: Quote), Kinder Morgan Energy Partners, L.P. (KMP: Quote), Kinder Morgan Management, LLC (KMR: Quote) and El Paso Pipeline Partners, L.P. (EPB: Quote). Kinder Morgan anticipates strong growth in 2013 across the Kinder Morgan family of companies.

Kinder Morgan Inc. expects to declare dividends of $1.57 per share for 2013. This represents a 16 percent increase over KMI's 2012 budget target of $1.35 per share and a 12 percent increase over the $1.40 per share of dividends it expects to declare for 2012.

Kinder Morgan Energy Partners L.P. expects to declare cash distributions of $5.28 per unit for 2013, a 6 percent increase over its 2012 budget target of $4.98 per unit, which it expects to meet. Kinder Morgan Management, LLC expects to declare distributions of $5.28 per share for 2013. El Paso Pipeline Partners, L.P. expects to declare cash distributions of $2.55 per unit for 2013, a 13 percent increase over its 2012 expected distribution of $2.25 per unit. In 2013, El Paso Pipeline Partners expects to generate earnings before DD&A of $1.22 billion, an increase of over $50 million compared to 2012.

Click here to receive FREE breaking news email alerts for Kinder Morgan Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Apple Inc. said Tuesday after the markets closed that its third quarter profit rose 12% from last year, as sales surged and margins improved amid strong sales of its iPhones and Mac computers. The company's quarterly earnings per share also came in above analysts' expectations, but its quarterly sales fell short of analysts' forecast. United Nations Secretary-General Ban Ki-moon on Tuesday urged both Israelis and Palestinians to stop the fighting that has been raging for the past two weeks in the Gaza Strip, and pleaded with the two sides to return to dialogue with the aim of addressing the underlying causes of the repeated cycles... After moving notably higher in early trading on Tuesday, stocks continued to perform well throughout the session. The gains on the day offset the modest weakness that was seen in the previous session, extending the recent back-and-forth movement by the markets.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.